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Nov 23, 2012
11/12
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week after the postal service announced a 15.9 billion in losses, the agency is trying to recoup the deficit. starting inep december 12th. they will follow ebay and amazon and walmart and offer same day delivery. the metro post ames to boost profits by taking advantage of holiday shoppers who get their hands on last-packages and the agency is teaming up with 8-10 retailers to offer it at a $10 flat rate fee. we know that customers will have to place their orders by two o'clock p.m. the latest and items will be delivered between four and eight the same day. they hope to generate 10-50 million. and it expected 20 percent jump in package volume which is more than the rivals. they will look to expand it in other major like new york, boston and chicago et cetera. the outlook is bleak even if it makes maxed profit. that is not enough to plug the budget hole and not taking boo - into the account to run the program. >> we are all pulling for the postal service. time right now. 17 after the hour. it was an iconic image of sandy. new york city crane twisted in half and damaging buildings and now busin
week after the postal service announced a 15.9 billion in losses, the agency is trying to recoup the deficit. starting inep december 12th. they will follow ebay and amazon and walmart and offer same day delivery. the metro post ames to boost profits by taking advantage of holiday shoppers who get their hands on last-packages and the agency is teaming up with 8-10 retailers to offer it at a $10 flat rate fee. we know that customers will have to place their orders by two o'clock p.m. the latest...
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Nov 22, 2012
11/12
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. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are four more times likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba games. lifting the hawks over washington, 101-100 and next, russ well westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> fourth ranked michigan made a second half come back at the nit semifinals. wolverines beat pittsburgh skaech-62, to advance for the championship game. a big nfl thanksgiving triple header today, come on, men, you know you're excited, starts with texans at the lions at 12:30 and redskins at downs at 425 and primetime matchup has the "new york times" jets at 8:20 on nbc. >>> your entertainment is straight ahead. on this thanksgiving, actor william shatner gets autotuned in this deep fried turkey from state farm. it's a little bizarre. take a listen. ♪ ♪ i want a deep fried turkey, a moister taking turkey ♪ ♪ blinded by my hung er i ignord safety ♪ ♪ spatula tasted
. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are four more times likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba games. lifting the hawks over washington, 101-100 and next, russ well westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> fourth ranked michigan made a second half come back...
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Nov 22, 2012
11/12
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the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you can help with visual aids. we have posted both of those charts we just showed you on our blog and you can load them on your smartphone or ipad to pass around the table and print them out on paper in case your uncle doesn't look liking at these new things. those are waiting for you now. we are here for you. you can do this. report back and let us know how it went. that does it for us tonight. have a great thanksgiving. we'll see you monday. now it is time for the last word with lawrence o'donnell guest hosted by the spectacular ezra kline. good evening. >> good evening, rachel. i am glad to know other people bring char
the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you can help with visual aids. we have posted both of those charts we...
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Nov 22, 2012
11/12
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. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are 4-7 times more likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba overtime games. first atlanta, hitting a long three-point er lifting the hawks over washington, 101-100 and next, russell westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> now to college basketball, fourth ranked michigan made a second half come back at the nit semifinals. wolverines beat pittsburgh 67-62, to advance in the championship game. >>> a big nfl thanksgiving triple header today. come on, men, you know you're excited, starts with texans at the lions at 12:30 and washington redskins at dallas cowboysed a 4:25 p.m. eastern and patriots at the new york jets at 8:20 on nbc. >>> just ahead, danica patrick's future takes a major turn. >>> and william shatner gets auto-tuned in this deep fried turkey from state farm. it's a little bizarre. take a listen. ♪ i want a deep fried turkey, a m
. >>> a new study out of sweden suggests teens and adults with attention deficit disorder are 4-7 times more likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba overtime games. first atlanta, hitting a long three-point er lifting the hawks over washington, 101-100 and next, russell westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>>...
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Nov 27, 2012
11/12
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FBC
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he's never been seous about cutting the deficit. is he really going to leave office with a 20 trillion-dollar debt? cheryl: if you look at this poll, and this is actually going to surprise you, when voters were asked, if the fiscal cliff heads, who do yo blame? obama. of course. 29%. >> that as president obama effectively we using the soap box. then i say this. if this was a referendum on higher tax rates, was a ballet on obamacare? the public is opposed to obamacare. is the president going to put obamacare on the table for spending cuts? they do have some principles to fight for and i think it would be a waste if they can act and caved in on everything. i think that the government needs more revenue. because of the recession, government revenue fell. but that doesn't mean you have to tax rates. we areoing to need economic growth. if you raise the rates, history shows they don't get new growth. cheryl: before you go, have to share this. people are asking, 67%, that is what we are dealing with here. >> that is the view of congress. 2
he's never been seous about cutting the deficit. is he really going to leave office with a 20 trillion-dollar debt? cheryl: if you look at this poll, and this is actually going to surprise you, when voters were asked, if the fiscal cliff heads, who do yo blame? obama. of course. 29%. >> that as president obama effectively we using the soap box. then i say this. if this was a referendum on higher tax rates, was a ballet on obamacare? the public is opposed to obamacare. is the president...
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Nov 25, 2012
11/12
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CSPAN2
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Nov 22, 2012
11/12
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if you look at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need help. are they out of money because their and our people in disaster situations? are they just bad at managing it? >> two reasons, and you mentioned them both. the first is that people build houses on flood prone areas, beaches, next to reverse. they only pay a couple hundred dollars a year for flood insurance. the taxpayer bells them out of literally and figuratively out of these floods because let's say $300 a year. they did bailed out to the tune of tens of thousands of dollars by the federal government when a disaster strikes. if you kind of sou
if you look at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need...
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Nov 22, 2012
11/12
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when somebody stops inevitably mattering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you i am glad to know other people bring charts to thanksgiving dinner. >> we're preparing them so america can do that. awesome. thanks. >> have a great thanksgiving. >> you, too. you know what i am thankful for this thanksgiving? i am thankful elections, they have consequences. >> the time for bickering is over. the time for games has passed. now is the time to deliver on health care. >> have you read the bill? hell, no, you haven't. >> the supreme court has upheld president obama's health care law. >> the health care law. >> the signature achievement of barack obama's presidency. >> now they're trying to drag it into the negotiations over the fiscal cliff. >> we have a new message from congressman boehner. >> we can't afford it, we can't afford it and we can't afford to leave it in tact. that's not a new message. >> can you say it was done openly? >> that is not a new message. >> they have been defeated thr
when somebody stops inevitably mattering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you i am glad to know other people bring charts to thanksgiving dinner. >> we're preparing them so america can do that. awesome. thanks. >> have a great thanksgiving. >> you, too. you know what i am thankful for this thanksgiving? i am thankful elections, they have consequences. >> the time...
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Nov 29, 2012
11/12
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FBC
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i mean deficit spending is a violation of the state constitution. do they care about that in sacramento? they blow right by it. neil: but you don't think what is going on here now, governor, governor davis in a second, is a harbinger? in other words maybe voters here as they have elsewhere, rightly or wrongly are saying you know what? we cut a lot or tried to cut. we never make much progress on it. i guess only thing to do to avoid fiscal armageddon is just hike taxes. we hope it is not on us. we'll start going after the rich. >> that is number one class warfare. and number two you keep piling up the debt. ultimately you're in a position, as we are in today at the federal level, where most of the debt isn't even on the books. neil: that's right. >> i mean what is said to be the national debt is about one fifth of the actual national debt. neil: you're right. unfunded liabilities and medicare, medicaid. >> medicare, medicaid, neil: you only boom your way out of that, right? governor davis, what do you see now that could boom us out of this? because t
i mean deficit spending is a violation of the state constitution. do they care about that in sacramento? they blow right by it. neil: but you don't think what is going on here now, governor, governor davis in a second, is a harbinger? in other words maybe voters here as they have elsewhere, rightly or wrongly are saying you know what? we cut a lot or tried to cut. we never make much progress on it. i guess only thing to do to avoid fiscal armageddon is just hike taxes. we hope it is not on us....
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Nov 29, 2012
11/12
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KNTV
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plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is now suggesting that while negotiations continue on whether the wealthy to pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people, and i think we ought to go ahead and make that abundantly clear to everybody and take it out of the negotiation. >> reporter: bott
plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least...
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Nov 29, 2012
11/12
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without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up. the underlying assumptions in our tax code are frankly out of step with the complexities of today's global economy. this is especially evident in our corporate tax code. on the domestic side of our corporate tax code, the u.s. has become the highest tax rate country among all the developed countries in the world. so canada just lowered their rate from 16.5% to 15%. our rate is 39.2% when you combine the state and federal burden. federal burden 35%. state burden closer to 5%, 6%. so right now, the average among all the developed countries in the
without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up....
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Nov 29, 2012
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. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. morning because my back hurt so bad. the sleep number bed conforms to you. i wake up in the morning with no back pain. i can adjust it if i need to...if my back'
. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ [ male...
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Nov 28, 2012
11/12
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. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ >>> i'm bret baier in washington. the big story here today is a new develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear from the
. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪...
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Nov 29, 2012
11/12
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tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter: one conservative is suggesting that while negotiations continue, congress should stop tax rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signalling that they're willing to give some ground to get this done and get it done on time. lynn. >> thanks so much. >>> it's not how he wanted to get there but former governor mitt romney heads to the white house. president obama is hosting his campaign rival at a private lunch. no reporters will be allowed in. it is t
tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter:...
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Nov 28, 2012
11/12
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CNBC
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there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of mine here to join me, some folks from here in the area. our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement right now, is on middle-class taxes. as i've said before, we have two choices. if congr
there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of...
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Nov 21, 2012
11/12
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there's a $1.1 billion deficit. if that keeps up -- >> trillion. you're talking trillion-dollar deficits every year. >> if that keeps up, the spending goes to $6 billion. what we take in goes to $4.6 billion. you have a $1.4 billion deficit you're going to deal with in ten years with $1 trillion debt. interest payments you have to make every year. when you're making interest payments of $1 trillion a year, everybody is going to stop investing. germany isn't going to buy our bonds anymore. >> maybe they want this. it seems like both sides are digging in. the president says he wants $ .6 trillion in revenue. that means higher taxes as well as taking the loopholes away. maybe he wants to go over the cliff to prove a point. >> going over the cliff to prove a point is like wrecking your car to show that you can't drive. i mean, it doesn't make any sense. what makes sense is to be thoughtful. a democrats and a republican two years ago, simpson/bowles, got together and put together some guidelines that nobody paid any attention to. it had to do with healt
there's a $1.1 billion deficit. if that keeps up -- >> trillion. you're talking trillion-dollar deficits every year. >> if that keeps up, the spending goes to $6 billion. what we take in goes to $4.6 billion. you have a $1.4 billion deficit you're going to deal with in ten years with $1 trillion debt. interest payments you have to make every year. when you're making interest payments of $1 trillion a year, everybody is going to stop investing. germany isn't going to buy our bonds...
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Nov 29, 2012
11/12
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duke comes back from a double digit deficit to win this one. that's the third win already this season over a top five team. very impressive. >>> now to college football. lsu's les miles ended speculation he would become the next head coach at arkansas. by agreeing to a seven-year contract that will keep him in baton rouge through 2019. that's leverage move there, les. "the washington post" reports that the new deal will pay miles in the range of $3.4 million a year, that is an increase. miles' extension from lsu still falls short of the five-year 27 had the $5 million deal offered by the razorbacks. his agreement with the tigers still makes him the fourth highest paid coach in college football only behind this list. nick saban, mack brown and bob stoops. miles, by the way, has a record 85 wins and 20 losses in eight seasons with lsu. >>> coming up at the top of the hour on "morning joe," no, they're not letting me do that, today mitt romney lunches at the white house as he and president obama sit down for the first time after the election. we'l
duke comes back from a double digit deficit to win this one. that's the third win already this season over a top five team. very impressive. >>> now to college football. lsu's les miles ended speculation he would become the next head coach at arkansas. by agreeing to a seven-year contract that will keep him in baton rouge through 2019. that's leverage move there, les. "the washington post" reports that the new deal will pay miles in the range of $3.4 million a year, that is...
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Nov 29, 2012
11/12
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job creation is essential to reducing the deficit. we firmly believe if you want to reduce the deficit, create jobs. you can grow the economy and reduce the deficit. it's all together. and that is attested to by every bipartisan task force, commission, you name it, that has come together. you can't get there from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you, madame leader. i think that this meeting was very, very fruitful. it simply reminds us -- >> we are listening to commentary after nancy pelosi's meeting with timothy geithner. as you heard, ms. pelosi continuing to stick to her guns in terms of raising revenue as well as spending cuts. we don't have the clarity this market is looking for. that is, where will the cuts be? where will the revenue be? we're still waiting on compromise. as soon as we get some indication of that compromise, we'll bring it to you. maybe there's hope, meanwhile, for the twinkie. hos
job creation is essential to reducing the deficit. we firmly believe if you want to reduce the deficit, create jobs. you can grow the economy and reduce the deficit. it's all together. and that is attested to by every bipartisan task force, commission, you name it, that has come together. you can't get there from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you, madame...
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Nov 28, 2012
11/12
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KRCB
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we should not be cutting social security befits to deal with a budget deficit it did not cause, nor was it a part of. >> reporter: still, social security will need to be adjusted. the gap between the taxes it takes in and the benefits it is paying out will total almost a trillion dollars over the next decade. darren gersh, nbr, washington. >> tom: while the summer drought baked midwestern fields, farm values are up. still ahead tonight, we look at why farmland is such a hot commodity with investors. off the farm, home prices continue heading higher, rising for an 18th consecutive month, according to theidely followed s&p case/schiller home price index. the survey tracks 20 metropolitan cities, and shows home prices were up 3% year over year in september. compared to august, prices inched up three-tenths percent higher. together, analysts say the numbers add up to a long recovery for housing. >> the housing market has clearly turned the corner and is well on its way to recovery. it's going to be a slow, steady, recovery rather than a booming, explosive recovery, because we still have a f
we should not be cutting social security befits to deal with a budget deficit it did not cause, nor was it a part of. >> reporter: still, social security will need to be adjusted. the gap between the taxes it takes in and the benefits it is paying out will total almost a trillion dollars over the next decade. darren gersh, nbr, washington. >> tom: while the summer drought baked midwestern fields, farm values are up. still ahead tonight, we look at why farmland is such a hot...
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Nov 25, 2012
11/12
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KGO
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maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the president hasn't made a final decision yet. if he went for it, despite this controversy over benghazi, he would get her through the senate. the top guy to replace timothy geithner, is jack lew. >> slightly less serious note we would like to hit, apparently some head shaving on the broadcast this morning. >> the first on "this week." this is a great story. the top spokesman for both of the democrats and republicans, whoever lost the election would shave their head. this is sean spicer was supposed to shave his head. the rnc spokesp
maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of...
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Nov 28, 2012
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what he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country. it's supposed to be the other way around. so i'm going to tell you how condi has been dedicated to this issue. a year and a half ago i called her up and said convy, i want you to do some thing for me and with me. she said richard coming to b.c. don't even start. i said okay. i said before the end of this conversation come you're going to agree with going to ask you. and she said no way. i said with the council on foreign relations and all of our time working on things like china and mexico and all the traditional foreign-policy issues. we believe the agenda and all things domestic. but
what he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country....
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Nov 28, 2012
11/12
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CSPAN
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and actually it make ours deficit worse system of we need to get this right. i can only do it with the help of the american people. so tweet, what was that again, #my2k. tweet using the hashtag #my2k. post it on a member of congress' facebook wall, email, to what it takes to communicate a sense of urgency. we've got a few weeks to get this thing done. we could get it done tomorrow. now, optimistcally, i don't think we're going to get it done tomorrow. but i tell you if everybody here goes out of their way to make their voices heard and spread the word to your friends and family, co-workers, neighbors, then i am confident we will get it done. and we will put america on the right track, not just for next year but for many years to come. all right? thank you very much, everybody. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> president obama from within the last half-hour. his press spokesman, jay carney is brief regular porters now, you can follow that on c-span.org. word that presid
and actually it make ours deficit worse system of we need to get this right. i can only do it with the help of the american people. so tweet, what was that again, #my2k. tweet using the hashtag #my2k. post it on a member of congress' facebook wall, email, to what it takes to communicate a sense of urgency. we've got a few weeks to get this thing done. we could get it done tomorrow. now, optimistcally, i don't think we're going to get it done tomorrow. but i tell you if everybody here goes out...
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Nov 22, 2012
11/12
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FOXNEWSW
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>> regarding the deficit. cbo said if knock is done with the fiscal cliff we'll get $800 billion per year added to the deficit. and obama-care amounts for $100 billion of that. it's $100 boyle in spending that doesn't currently exist. if we are going to do everything we can to keep the economy growing the easiest thing we can cut is spending that's not yet taking place. but i think the bottom line is you have got to start from an absolute beginning where you look at everything equally. if obama-care is the most important program then it survives. if there are other thing that are more important it does not survive. we take one thing off the table from the outset this is not a true negotiation. you look at everything that exists and make decisions about each of them based on their own merits. not take one single bill and taking its off the table. particularly a bill that 47% of americans still oppose. rick: the number of people who still don't know exactly what obama-care is all about, whether they would benefi
>> regarding the deficit. cbo said if knock is done with the fiscal cliff we'll get $800 billion per year added to the deficit. and obama-care amounts for $100 billion of that. it's $100 boyle in spending that doesn't currently exist. if we are going to do everything we can to keep the economy growing the easiest thing we can cut is spending that's not yet taking place. but i think the bottom line is you have got to start from an absolute beginning where you look at everything equally. if...
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Nov 26, 2012
11/12
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MSNBCW
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at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and off
at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets...
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Nov 26, 2012
11/12
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CSPAN
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eye 85
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however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government can only be sustained by a responsible fiscal plans and actions. a credible framework to set a better fiscal policy, one in which the ratio of federal debt to gdp eventually stabilizes or declines, is urgently needed to maintain stability. even as policy-makers address the urgent issue of longer run out stability, they should not ignore a second key objective, to avoid unnecessarily adding to the head winds that are already holding back the economic recovery. fortunately, these objectives are compatible and mutually reinforcing. preventing a sudden and severe contraction in fiscal policy early
however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government...
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Nov 28, 2012
11/12
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CSPAN2
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we were still running a deficit, a deficit of about $2 billion a year. for fiscal year 2012, which recently ended, total federal revenue was $2.45 trillion, basically back to the pre-recession levels. but total federal spending was above $3.5 trillion. so what happened? well, tax revenues back to where it was before the recession, but federal spending is now $800 billion, almost $1 trillion higher than it was just five years ago, in fiscal year 2007. it's no wonder the federal spending and our national debt will continue to grow for the forseeable future. according to the congressional budget office, mandatory spending, which kpraoeuplss about 6 -- comprises about 60% of total federal spending in fiscal year 2012 is going to continue to grow. if you look at what's driving that, medicare, medicaid, social security. those programs alone represent over 40% of federal spending currently. spending on these programs is projected to grow at an unsustainable rate, and we cannot, madam president, simply raise taxes to pay for all this new spending. that's the pro
we were still running a deficit, a deficit of about $2 billion a year. for fiscal year 2012, which recently ended, total federal revenue was $2.45 trillion, basically back to the pre-recession levels. but total federal spending was above $3.5 trillion. so what happened? well, tax revenues back to where it was before the recession, but federal spending is now $800 billion, almost $1 trillion higher than it was just five years ago, in fiscal year 2007. it's no wonder the federal spending and our...
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Nov 26, 2012
11/12
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CNNW
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the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about what they see and what they said was an existential threat to our country. we need to disenthrall ourselves from the extreme voices who choked off reasonable debate in washington. >> don't fear the grover. best quote of the day. john avalon, always a pressure. thank you for coming on. >>> looming fiscal cliff you're hearing so much about is one reason republicans are having a change of heart on this whole no tax pledge. the term fiscal cliff evokes scary imagery, but it is not so much a cliff as it is a set of stairs with the spending cuts and tax hikes getting more painful with eac
the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about...
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Nov 21, 2012
11/12
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KCSMMHZ
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the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a row. cars and steel led the drop and imports fell by 1.6% from a year earlier. exports to europe tumbled more than 20%. the debt crisis has dampened demand. exports to china fell more than 11%. consumers upset about the material -- territorial dispute are shying away from japanese goods. >>> serieses say the settlement body upheld most of the -- wto officials sent a final report to the parties involved. the document advises ontario to rer rectify the issue. the wto says the -- canadian officials may appeal the decision. >>> tokyo stock exchange officials are calling on small businesses in south korea to list their shares on the tokyo boards. the tse made the promotion in a seminar in seoul on wednesday. the event was held by an organization that helps enterprises to raise funds and enter foreign markets. more than 200 south korean companies including those from the information technology sector took part. officials from the tse said investors in to
the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a row. cars and steel led the drop and imports fell by 1.6% from a year earlier. exports to europe tumbled more than 20%. the debt crisis has dampened demand. exports to china fell more than 11%. consumers upset about the material -- territorial dispute are shying away from japanese goods. >>> serieses say the settlement body upheld most of the -- wto officials sent a final...
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Nov 29, 2012
11/12
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FBC
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ronald reagan cut tax rates and congress promised to cut spending to reduce the deficit. spending cuts never happened. >> on the republican side it takes their negotiating power off the table. if a at the entitlement cuts of front. and taking that down the road. stuart: down payment satisfying -- >> and the president has said many time lost the election. stuart: charles last night said this about what leverage the republicans have. the leveraged is if we go over the cliff no matter who is blamed will ruin president obama's second term because this economy really will go into recession. and we will get a debt downgrade. that would really hurt -- >> there's a more serious which is any dissertation of our military. we are still one nation under god and we do not need to make imprudent cuts in defense for the sake of political gain or tactical benefits. i am against it and -- charles: you didn't answer the question. i still think the public will blame republicans. >> absolutely right. stuart: republicans don't have a lot of leverage. [talking over each other] >> their leverag
ronald reagan cut tax rates and congress promised to cut spending to reduce the deficit. spending cuts never happened. >> on the republican side it takes their negotiating power off the table. if a at the entitlement cuts of front. and taking that down the road. stuart: down payment satisfying -- >> and the president has said many time lost the election. stuart: charles last night said this about what leverage the republicans have. the leveraged is if we go over the cliff no matter...
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Nov 22, 2012
11/12
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CSPAN2
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bond yields will rise in the cost of financing current deficits will increase. there won't be much cash available to move into government investments for the future. the bridges research in the basic sciences, public schools better equipped for the 21st century and so on. it will mean less spending on technology, less capital available to current listing companies and less capital for ashburn or second to go public on our market. the decline in american ingenuity would be a consequence and over time would be a decline of our position in the world. as all prices adjust, market forces could reach a point where investors refuse to buy u.s. treasury bonds. we see investors to the potential of the realizations now to risk. in 2007, over $1 trillion have flowed in to bomb an even greater amount out of the lease. a lack of clarity, on equity capital gains and dividends act as a deterrent or equity investment. when trying dollars moving into fixed income were fixed income is basically pain zero. that shows a fundamental aversion to risk, which is new to our society and
bond yields will rise in the cost of financing current deficits will increase. there won't be much cash available to move into government investments for the future. the bridges research in the basic sciences, public schools better equipped for the 21st century and so on. it will mean less spending on technology, less capital available to current listing companies and less capital for ashburn or second to go public on our market. the decline in american ingenuity would be a consequence and over...
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Nov 28, 2012
11/12
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CSPAN2
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eye 114
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they didn't say al qaeda or iran or north korea, what he said was the debt and deficit. i think that is exactly right. above all, this is the future. we are not talking about a physical infrastructure, we are talking about our human infrastructure. joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way around. some going to tell you about the time he has dedicated to this issue. about a year and a half ago, i called a condoleezza rice and i said i wanted to do something with me. and i said richard, don't even go there, and i said okay. and so i said before the end of this conversation, you are going to agree to what i'm going ask to ask you. and she said, no way. i said right. we spent a lot of time on all the traditional foreign-policy issues. we are focused on being domestic and what we want to do is report on education. we don't want a piece on everyone else has done. what we want
they didn't say al qaeda or iran or north korea, what he said was the debt and deficit. i think that is exactly right. above all, this is the future. we are not talking about a physical infrastructure, we are talking about our human infrastructure. joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way...
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Nov 21, 2012
11/12
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KQEH
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he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. >> uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. >> susie: wall street and business leaders were pleased that bernanke was talking tough. and they said the fed's role in the fiscal cliff negotiations is to communicate. >> tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. >> susie: is there another role or more of a role for the fed? >> i think to be a cheerleader and to be on the sidelines telling the government they have to do what is right for the public. >>
he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. >> uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of...
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Nov 27, 2012
11/12
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CSPAN
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not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do that. they failed to end the medicare guaranteed. they failed to slash medicaid, education. in this measure, we succeeded in protecting medicare and social security beneficiaries. we succeeded in protecting seniors in nursing homes, individuals with disabilities, and poor kids who depend on medicaid for their health care. we succeeded in providing room for critical investments in education and america's future. do not get the wrong, mr. speaker. there is much in this plan i do not like. we did not succeed in shutting down s
not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do...
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Nov 29, 2012
11/12
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CNBC
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copper is going to be a deficit, at least if you listen to what the chinese supplies are telling you. freeport at 3960 has a lot of resistance. you're just about there. >> barnes & noble was a drop today, a big one. 11%. >> i'll refrain from the jokes, although there are many. we've cautioned against this one, although it has had a nice bounce. the quarter was lousy. there was news around 3:00 that might have been construed at bullish. i think it goes lower. >> why refrain from them? >> usually you jump right into them. >> this is a nice time of year to go to barnes & noble. hang out for seven or eight hours. >> read. >> put your name tag on in case you forget who you are. it's all good. >> all right. moving on. pop for kroger up 4%. >> kroger is basically your old school supermarket where whole foods is the trendy one. it's been outperforming whole foods. i'd say with kroger. i would play haines celestial. >> pop for facebook, up 3%. >> well, piper javr ri reported facebook might go with a wanted button. they feel like this could generate about $10 billion in revenue by 2015. they up
copper is going to be a deficit, at least if you listen to what the chinese supplies are telling you. freeport at 3960 has a lot of resistance. you're just about there. >> barnes & noble was a drop today, a big one. 11%. >> i'll refrain from the jokes, although there are many. we've cautioned against this one, although it has had a nice bounce. the quarter was lousy. there was news around 3:00 that might have been construed at bullish. i think it goes lower. >> why refrain...
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Nov 25, 2012
11/12
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KGO
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not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the president has signaled is favorite to be ambassador susan rice and faced opposition in the senate and house. this week, 97 house republicans signed a letter telling the president don't appoint susan rice. she came out this week and defended herself and the president indicated he would like to pick her although he said he didn't make a final decision. i believe if he went for it despite the controversy over what happened in benghazi he would get her through. the leading candidate for treasury is probably the white h
not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the...
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Nov 27, 2012
11/12
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CNNW
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to reduce the deficit. but it also includes spending cuts. so, we did a trillion dollars in spending cuts as part of the budget control act over the next ten years and we're going to have to continue to implement that. so that's part of the plan. secondly the president's budget actually contains more health care savings than the bipartisan simpson-bowles commission does. he does it in a number of ways. for example he asked pharmaceutical companies to pay higher rebates to drugs for people who are on medicare and medicaid. he reforms the medicap wraparound insurance plan. right now medicare is essentially indirectly subsidizing those plans. so the president actually has substantial savings, not only in health care, but in many other areas. for example he eliminates a lot of the excessive agriculture subsidies. so the president's plan does have that balance of cuts, and revenue. >> interesting that you bring up health care because eric cantor, something we heard from speaker boehner, he would like obama care to be back on the table. i mean, dem
to reduce the deficit. but it also includes spending cuts. so, we did a trillion dollars in spending cuts as part of the budget control act over the next ten years and we're going to have to continue to implement that. so that's part of the plan. secondly the president's budget actually contains more health care savings than the bipartisan simpson-bowles commission does. he does it in a number of ways. for example he asked pharmaceutical companies to pay higher rebates to drugs for people who...
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Nov 21, 2012
11/12
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CSPAN
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eye 118
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congress handed us $487 billion to reduce the deficit -- the defense budgets over 10 years. my approach was to say, wait a minute. we are not just going to cut across the board. we are not just going to hollow out the force as we have done in the past. every time we have come out of the war, whether it was korea, vietnam, the cold war, we cut the budget across the board, and we hollowed out the force. we are not going to repeat that mistake, so for that reason, i said to my service chiefs, chairman of the joint chiefs, we have got to sit down and develop a strategy for the future that will provide the defense force for the 21st century, not just now but in the future, and then we will build our budget around that strategy, so one, we know we are going to be smaller. that is the reality of having at of these wars, but we have to be agile. we have to be flexible, and we have to be on the cutting edge of technology. we are going to have to have force projection in the areas with the biggest problems in the pacific and the middle east. we have to have a presence elsewhere in the
congress handed us $487 billion to reduce the deficit -- the defense budgets over 10 years. my approach was to say, wait a minute. we are not just going to cut across the board. we are not just going to hollow out the force as we have done in the past. every time we have come out of the war, whether it was korea, vietnam, the cold war, we cut the budget across the board, and we hollowed out the force. we are not going to repeat that mistake, so for that reason, i said to my service chiefs,...
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Nov 28, 2012
11/12
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CSPAN
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now we're facing debt and deficit. on the question of labour supply and investment of savings, it is hard to know what the rates would have been. but in general, tax rates to increase porges station in the labour market, particularly for women. there is every -- very strong evidence that lower tax rates make people save more prepared host: did it create jobs? guest: the tax policy itself does not create jobs. employers create jobs. there was a recession and at the bush administration in the beginning and one at the end. that continued into the obama administration. jobs come and go. at the moment, we have a significant job deficit. but i think if we look not just at the bush tax cuts in isolation, but the tax policy over the history of the united states and in other countries, we see the lower chart -- lower tax rates do contribute to getting jobs. host: ethan pollack, as did the bush tax cuts work? guest: they did work in the sense that they cost a lot of money and reduced surpluses. 80% of the debt added during the t
now we're facing debt and deficit. on the question of labour supply and investment of savings, it is hard to know what the rates would have been. but in general, tax rates to increase porges station in the labour market, particularly for women. there is every -- very strong evidence that lower tax rates make people save more prepared host: did it create jobs? guest: the tax policy itself does not create jobs. employers create jobs. there was a recession and at the bush administration in the...
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Nov 28, 2012
11/12
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KPIX
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the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the bangladesh garment factory where 112 people were killed produced clothes for disney and walmart and sears. the ap discovered clothing and records connected to the retailers inside the remains of the factory. walmart says it stopped doing business with the factory after learning the facility was deemed high risk. this morning three factory officials were arrested on suspicion they locked the workers inside the building. the surge in cyber monday shopping on monday means big business for shippers. federal express expects to deliver 280 million packages during the holiday season. to handle the extra work fedex says they hired 20,000 seasonal employees. and pop star adele is rolling in the dough or at least her record company is. her album
the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the bangladesh garment factory where 112 people were killed produced clothes for disney and walmart and sears. the ap discovered clothing and records connected to the retailers inside the remains...
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Nov 22, 2012
11/12
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KCSM
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trade balance in october marked the largest deficit on record for that month. >>> now let's take a look at how stocks are performing. tokyo share prices are recovering this thursday morning to the 9,300 level for the first time since early may. the key nikkei index at 9318. that's a gain of over 1% so far in the day. analysts say that market players are buying export-related shares as the yen weakens. investors have high hopes for an earnings recovery of exporters. an overnight rise on wall street, that also is helping push shares up here in tokyo. let's take a look at other markets that are open this hour. in south korea, the kospi is trading higher by almost .8%, currently 1898. let's take a look at australia. the benchmark index there is trading well over 1%. 1.3% at 4426. >>> ministers from japan and south korea are discussing a broad range of economic issues. japan apparently hopes that the two countries will reassert the importance of their economic ties and that's despite a souring in their political relations due to a territorial dispute. the working-level talks in seoul on thur
trade balance in october marked the largest deficit on record for that month. >>> now let's take a look at how stocks are performing. tokyo share prices are recovering this thursday morning to the 9,300 level for the first time since early may. the key nikkei index at 9318. that's a gain of over 1% so far in the day. analysts say that market players are buying export-related shares as the yen weakens. investors have high hopes for an earnings recovery of exporters. an overnight rise on...
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Nov 28, 2012
11/12
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FBC
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the times buys into the opinion that tax hikes will bring in enough money to plug the deficit. this is the central theme of the liberal elite. you can have all the goodies if you just tax the rich. i beg to differ. raising taxes when california is in virtual recession is not going to bring the economic growth of the state desperately need to. california has 10% unemployment. highest poverty rate in the nation and it is hemorrhaging. middle-class people and jobs. the new york times thinks tax hikes are the answer just like they think tax hikes will fix the next fiscal deficit problem. wrong for california, wrong for america. the state and the nation have a spending problem but both the state and the nation voted to keep spending spree, keep going and both voted to raise taxes. i do not share the times's rosy outlook for california or the united states and that is my take. ♪ ♪ [ enne revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winr event going onow -- but hurry, the offer ends on. stuart: john boehner said he is opti
the times buys into the opinion that tax hikes will bring in enough money to plug the deficit. this is the central theme of the liberal elite. you can have all the goodies if you just tax the rich. i beg to differ. raising taxes when california is in virtual recession is not going to bring the economic growth of the state desperately need to. california has 10% unemployment. highest poverty rate in the nation and it is hemorrhaging. middle-class people and jobs. the new york times thinks tax...